Facebook raises IPO price as offering nears

Screens outside the Grauman's Chinese Theatre on Hollywood Blvd. advertise for people to Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.


Poll: Half of Americans call Facebook a fad

This May 11, 2012, photo shows a sign is shown at the Facebook campus in Menlo Park, Calif. Half of Americans think Facebook is a passing fad, according to the results of an Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's asking price is too high. (AP Photo/Jeff Chiu)Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's expected asking price is too high.


The next digital image revolution?

Lytro unveils its digital cameraDespite the explosive innovation around digital picture-taking, the end result has actually changed very little. A photo is still a photo. And a poorly focused photo is still as bad as ever. Ren Ng aims to fix that.


Fiat pulls epic prank on Volkswagen rivals using Google Street View If there's one thing we can say about European car makers, it's that most of them seem to have a great sense of humor. Nowhere is this more apparent than on a trip past Volkswagen's Swedish headquarters in Google Street View, where … Continue reading
Report: Apple starting production of a 4″ iPhone 5 in June Wish that iPhone in the palm of your hand was a little bigger? According to the Wall Street Journal, your prayers are about to be answered: The new iPhone 5 will feature a 4-inch display, a half inch larger than current iPhone 4 … Continue reading
The Beginner's Guide to Facebook [More from Mashable: The Facebook IPO Timeline]
Saverin dumps US citizenship ahead of Facebook IPO Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship, a move expected to save him hundreds of millions of dollars in taxes stemming from the company's impending initial public offering.
Yahoo soap opera features new cast of leaders

Yahoo offices is shown in Santa Clara, Calif., Monday, May 14, 2012. Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because of discrepancies in his resume. The troubled Internet company's next challenge will be convincing its restless shareholders and demoralized employees that the turnaround work started during Thompson's tumultuous four-month stint as CEO won't be wasted. (AP Photo/Paul Sakuma)Yahoo's dysfunctional turnaround efforts have morphed into a Silicon Valley soap opera, one that has taken another strange twist with the Internet company's ousting of CEO Scott Thompson just four months after his arrival.


Facebook IPO shares tough task for small investors

Standup comedian Jerome Cleary poses for a photo with his dog Zach, at the doors of The Comedy Store in Los Angeles on Monday, May 14, 2012. One of a legion of Facebook fans, Jerome Cleary has never wanted to own a stock as much as he wants to buy this one. The social media behemoth whose market debut is set for later this week has would-be shareholders like Cleary frothing and scrambling to get in on the initial public offering of the year. (AP Photo/Damian Dovarganes)Hoping to get in on Facebook's hotly anticipated public stock offering? You'll need Facebook friends at very high levels — or a lot of money.


Early Facebook employee has memoir deal An early Facebook employee and former assistant to Mark Zuckerberg will have a memoir out this summer.
Customize virtual sticky notes with the BugMe! Android app Whether it is an urban office myth or total truth, I shunned real sticky notes when I was told the little colorful organization helpers are not recyclable. However, I found the perfect alternative to use on my Android Device. The BugMe! Stickies Pro app for Android ($0.99) offers all the organizational fun of my beloved real-life sticky notes but in a green fashion. My eco-friendly soul can be reassured that I am not harming the Earth every time I need to scribble a note, which is a lot because I am a writer after all.
Customize virtual sticky notes with the BugMe! Android app Whether it is an urban office myth or total truth, I shunned real sticky notes when I was told the little colorful organization helpers are not recyclable. However, I found the perfect alternative to use on my Android Device. The BugMe! Stickies Pro app for Android ($0.99) offers all the organizational fun of my beloved real-life sticky notes but in a green fashion. My eco-friendly soul can be reassured that I am not harming the Earth every time I need to scribble a note, which is a lot because I am a writer after all.
News Summary: Does advertising on Facebook pay?

FILE - This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif. Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year's hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35. (AP Photo/Paul Sakuma, File)MORE TO OFFER: Facebook is responding to extraordinary demand and says more stock will be offered in the company's initial public offering.


A look at how some IPO stocks have fared Facebook has filed paperwork for an initial public offering of stock. Its public debut, expected this week, will be the most anticipated tech IPO since Google went public in August 2004.
Verizon Wireless to scrap unlimited plans for 4G users

A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, LouisianaNEW YORK (Reuters) - Verizon Wireless is planning to force customers to give up their unlimited data plans when they move to its high-speed wireless service, a top executive for parent company Verizon Communications Inc said on Wednesday. For now, Verizon Wireless customers who move to the company's highest-speed fourth generation (4G) network from its older network can still use the company's unlimited wireless data plan for a flat monthly fee. But that will change after Verizon Wireless launches a new shared data plan offering this summer, according to Chief Financial Officer Fran Shammo. ...


Sprint won’t turn a profit on the iPhone until 2015

Sprint won’t turn a profit on the iPhone until 2015Sprint’s costly $15.5 billion gamble on Apple’s iPhone won’t pay off until 2015, according to CEO Dan Hesse. At that time, however, the iPhone will be “quite profitable,” and the company is “very happy” with the deal despite conflicting reports, AllThingsD said. Hesse sees the iPhone as a long-term investment that will slow subscriber defections and attract new customers. “We believe in the long term,” the CEO said. “And over time we will make more money on iPhone customers than we will on other customers.” Sprint sold 1.5 million iPhones in the first quarter of 2012, and while the number doesn’t approach AT&T or Verizon’s sales, 44% of Sprint’s iPhone sales were made to new customers. Read


Gaydar Is 80 Percent Real; The Southwest Forest Fires Are Weird

Gaydar Is 80 Percent Real; The Southwest Forest Fires Are WeirdDiscovered: Gaydar is 80 percent real, today's forest fires are different than ancient ones, baby galaxies grow up too fast, and the success gene is real. Gaydar is 80 percent real. That makes it 20 percent fake and 80 percent prejudice, right? That's what this sounds like to us. No matter, science says it exists. When shown flashes of black and white photos for 50 milliseconds, some lie detection experts could tell if a face they saw for less than one second was of a gay person or of a straight one. ...


Companies ask: Does advertising on Facebook pay?

FILE - This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif. Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year's hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35. (AP Photo/Paul Sakuma, File)Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest automakers: Does it pay to advertise on the social network?


Income Inequality Apparently Too Touchy a Subject for TED If you’re plugged into the Internet, chances are you’ve seen a TED talk—the wonky, provocative web videos that have become a sort of nerd franchise. TED.com is where you go to find Facebook COO Sheryl Sandberg explaining why the world has too few female leaders, or Twitter cofounder Evan Williams sharing the secret power of listening to users to drive company improvement. The slogan of the nonprofit group behind the site is “Ideas Worth Spreading.”
Several brokerages stop taking Facebook IPO orders

The Facebook profile of founder Mark Zuckerberg on a mobile phone is seen in this photo illustration taken in LavignyNEW YORK (Reuters) - Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies. Morgan Stanley & Co did the same, according to three advisers at the firm who declined to be named because they are not authorized to speak to the press. E*Trade Financial also stopped accepting orders as of 4 p.m. ...


‘iPad mini’ coming this fall, report claims

‘iPad mini’ coming this fall, report claimsAnalysts for Barclays said in a note to investors that a new 7-inch iPad will be released this fall, Business Insider reported on Wednesday. “Following up on comments made last week, recent research still leads us to believe that Apple may be planning to add another form factor to its iPad line in the 7″ range for the fall,” the note read. The banking firm states that a smaller iPad would be useful in promoting Apple’s education agenda and could also help the company’s gaming efforts. Rather than sullying the iPad brand and iOS ecosystem, Barclays states that a “lower priced iPad [is] a necessary entry point to make the tablet market the size of the PC market by 2015 in


The Incredible Rise of Mind-Controlled Limbs

The Incredible Rise of Mind-Controlled LimbsA few years ago the thought of a robotic limb controlled by a person's mind was the stuff of science fiction. Today, it seems like there's a new breakthrough in bionic technology every week.


Sprint CEO sees more telecom M&A's possible

Dan Hesse, CEO of the Sprint Nextel Corporation addresses attendees during the International CTIA WIRELESS Conference & Exposition in New Orleans, LouisianaNEW YORK (Reuters) - Sprint Nextel believes U.S. regulators are open to large telecom deals despite their opposition to an AT&T Inc deal last year, but Sprint itself will try to avoid doing a big deal until 2014, according to Chief Executive Dan Hesse. Hesse said Sprint would ideally wait until it is finished a costly two-year network upgrade project that wraps up around the end of 2013 before he embarks on any major deals. ...


Facebook boosts IPO size by 25 percent, could top $16 billion

A flag announcing the IPO of Facebook flies next to the American flag outside the offices of J.P. Morgan in New York CityNEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money. Facebook, founded eight years ago by Mark Zuckerberg in a Harvard dorm room, said on Wednesday it will add about 84 million shares to its IPO, floating about 421 million shares in an offering expected to be priced on Thursday. ...


The Unlimited Data Plan Dream is Dead

The Unlimited Data Plan Dream is DeadWe have reached the end of the end of unlimited data, with Verizon CFO Fran Shammo announcing that the grandfathered in unlimited 3G data holders will have to relenquish their wealth of data when they migrate over to the 4G network. “A lot of our 3G base is unlimited,” he said at an investor conference (quoted here via Fierce Wireless). "As they start to migrate onto 4G, they will have to come off of unlimited and go onto the data share plan. That’s beneficial for us for many reasons. ...


Apple readies iPhone with bigger screen: sources

A man looks at his Apple iPad in front an Apple logo outside an Apple store in downtown ShanghaiTOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday. The new iPhone screens will measure 4 inches from corner to corner, one source said. That would represent a roughly 30 percent increase in viewing area, assuming Apple keeps other dimensions proportional. Apple has used a 3.5-inch screen since introducing the iPhone in 2007. ...


DoubleLine's Gundlach recommends shorting Apple NEW YORK (Reuters) - Jeffrey Gundlach, one of the world's most widely watched credit investors, recommended betting against computer company Apple Inc, retailer Nordstrom Inc and the main U.S. stock index, the Standard & Poor's 500. The Nordstrom stock "looks like death," said Gundlach, who runs $34 billion DoubleLine Capital. He likes natural gas and Spain's main stock index. (Reporting by Svea Herbst-Bayliss)
Google strives to enlighten with new search tool Google is introducing a new tool, designed to make its search engine smarter.
How much are you worth to Facebook?

How much are you worth to Facebook?Facebook is just days away from one of the largest initial public offerings of all time. The social networking site is looking to raise more than $16 billion dollars at a valuation in the $100 billion price range. Facebook is worth a lot of money, and a company called Abine has created a program to determine just how much individuals are worth to Facebook. The program, called Facebook Val-You Calculator, determines a user’s worth with the help of seven questions regarding the number of friends they have, how often they “like” things, and even their salary range. Individuals are priced anywhere from $1 to more than $100, however according to research firm Forrester, Facebook made less than $4 per active user in


Japan firm unveils gesture controlling device

Japanese technology titan NEC has unveiled a gadget that allows users to control technology using a virtual input deviceJapanese technology titan NEC has unveiled a gadget that allows users to control their TV, mobile phone or tablet computer using a virtual input device.


NY tech fest heralds Silicon Valley of the east

A woman takes a picture of Times Square on her cell phoneThe Big Apple may not have California's weather, but tech fans at New York Internet Week say that in every other way the city is on course to become Silicon Valley 2.0.


Barclays upgrades Cisco after recent stock decline A Barclays analyst on Wednesday upgraded Cisco Systems Inc. after a recent stock decline triggered by a weak guidance.
Why (and How) to Turn Off Facebook’s SocialCam Friends — I beg of you — TURN OFF SHARING for the SocialCam app on Facebook. SocialCam is a feed of user-generated videos.  Just by clicking on a SocialCam link in Facebook and accepting their app, every SocialCam video you watch from then on is shared to your Facebook friends automatically. The content is questionable, [...]
Italy Microsoft head in pole for CEO position at RCS: sources MILAN (Reuters) - Pietro Scott Jovane, CEO of the Italian unit of Microsoft, was in pole position to take over as chief executive of Italian media company RCS MediaGroup, two sources close to the matter said on Wednesday. "This time it seems that there really is a pre-chosen one -- it's Pietro Scott Jovane ... There is agreement among the shareholders," one of the sources said. ...
Self-Worth Shattering: A Single Bomb Blast Can Saddle Soldiers with Debilitating Brain Trauma Self-Worth Shattering: A Single Bomb Blast Can Saddle Soldiers with Debilitating Brain Trauma
Sina shares jump on 1st-qtr report Shares of Chinese Internet portal Sina Corp. jumped Wednesday as the company's first-quarter profit beat Wall Street expectations and advertising revenue rose.
Google revamps U.S. search SAN FRANCISCO (Reuters) - Google is revamping the way it handles searches in the United States to give users quick access to answers without leaving the page, the company said. The new search process is based on what Google calls the "knowledge graph" -- meaning that it tries to pinpoint faster the context surrounding its users' keyword searches. "Over the years, as search has improved, people expect more," said Amit Singhal, vice president of engineering at Google and the head of search, in an interview. "We see this as the next big improvement in search relevance. ...
With Knowledge Graph, Google Wants Search to Be a Learning Experience

With Knowledge Graph, Google Wants Search to Be a Learning ExperienceOver the next few days, you may notice a lot of changes on your Google search pages. Recognizing that people need more context when searching for something, Google is launching the Knowledge Graph to make it quicker and easier to find information. It's one of the most aggressive updates to Google's flagship product in years and, we think, one of the most useful. Let us show you how it works.


Paralyzed woman uses her mind to control robot arm

In this April 12, 2011 image from video provided by braingate2.org, Cathy Hutchinson of East Taunton, Mass. sips a drink held by a robotic arm during a test at a long-term care residence for adults with neurological disease in Dorchester, Mass. A report by researchers published in the Thursday, May 17, 2012 issue of the journal Nature describes how two people, paralyzed years before by strokes, were able to control free-standing robotic arms with the help of a tiny sensor planted in their brains. The sensor, about the size of a baby aspirin, eavesdropped on the electrical activity of a few dozen brain cells as the people imagined moving their arms. It then sent signals to a computer, which translated them into commands for the robot arms. (AP Photo/braingate2.org)Using only her thoughts, a Massachusetts woman paralyzed for 15 years directed a robotic arm to pick up a bottle of coffee and bring it to her lips, researchers report in the latest advance in harnessing brain waves to help disabled people.


Verizon to kill grandfathered unlimited data plans with 4G upgrades

Verizon to kill grandfathered unlimited data plans with 4G upgradesVerizon Wireless plans to eliminate its $30 per month unlimited data plan that it provides to customers who subscribed to the plan prior to the company’s transition to tiered data plans last July, Fierce Wireless reported on Wednesday. Verizon CFO Fran Shammo said at the 40th J.P. Morgan Technology, Media and Telecom conference that once unlimited 3G data plan customers upgrade to 4G LTE, they will have to purchase the company’s shared data plan. “Everyone will be on data share,” Shammo said. The carrier’s shared data plans are scheduled to launch in the coming months, and will allow users to share a single pool of data between multiple devices. “If I can add as many devices as I want, that is